Moneycontrol
Last Updated : Feb 06, 2018 11:09 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.75 percent while EURINR appreciated by 0.44 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.75 percent while EURINR appreciated by 0.44 percent during the same time frame. Euro remained in negative territory as Mario Draghi calls for monitoring of the currency volatility. He also mentioned that inflation had remained subdued but economic growth has been on track. Also, the preliminary quarterly GDP estimates for euro zone came in line with market expectations at 0.6% for Q4 2017. Euro services PMI comes in at 58 for Jan’18 against market expectations of 57.6.

OUTLOOK
EURINR is expected to move sideways in the coming session.

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First Published on Feb 6, 2018 11:09 am
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